ISLAMABAD, Jul 21 (APP): Another international rating agency has reckoned Pakistan among the top emerging South Asian economies owing to continuity of policies and political stability.
Atlantic Media Company (AMC) of the United States has ranked Pakistan as comparatively stronger economy in South Asian Markets and expected it will grow rapidly during days ahead.
According to Atlantic’s report, the Pakistan government’s
investment in infrastructure and other developmental projects has caused country’s GDP to grow.
“It is acknowledged internationally that Pakistan is
surfacing as ‘Market leader.’ Current economic conditions of
Pakistan are attracting foreign investors,” the AMC noted.
It said, last month American stock index firm MSCI(Morgan
Stanley Capital International) also inducted Pakistan in 10 most emerging economies in the world.
AMC said during the period January July 2016, Indian 100
point index was 6.67% while Karachi Stock Exchange (KSE) had achieved 100 point index to 17 percent.
It said security situation in Pakistan has also improved
resulting in economic stability. Moreover, US$ 46 billion
investment in China Pakistan Economic Corridor (CPEC) will help Pakistan overcome the chronic problems like power crisis and unemployment.
According to the report, Pakistani economy has been ranked
as the best among all the South Asian countries including
Bangladesh, India, Sri Lanka and Nepal.
It said KSE 100 index has been performing best among Asian
markets during 2016, ranked as world’s 5th best stock market.
Earlier, American Media outfit Bloomberg has already
declared Pakistan as ‘Asian Tiger’ in its recent report while
Moody’s had revised Pakistan’s ratings upward, from C to B.